Bitso has listed 50+ cryptocurrencies, with trading fees ranging from 0.04% to 0.25% for makers and from 0.05% to 0.30% for takers in the USD market.
The exchange's attractive offerings include an Earnings program on multiple coins (e.g., USDT, ATOM, ETH, and USDC) and a Crypto Debit card (Bitso Card). US clients are not accepted.
Bitso: Crypto Exchange Information
BITSO SAPI de CV is one of the leading crypto exchanges in LATAM. Ben Peters, Daniel Vogel, and Pablo Gonzalez founded the company in January 2014 as a Mexican start-up.
Led by CEO Daniel Vogel, the exchange has acquired licenses in Mexico, Brazil, and Argentina. Bitso Key Features:
- 8M+ global users
- 3B+ crypto international transfers
- 1,700+ corporate clients
Bitso's mission is clear: to bring cryptocurrencies to the mainstream in Latin America by providing a user-friendly, compliant, and secure trading platform for investors across the region.
Bitso Exchange Specific Features
What sets Bitso apart from other crypto exchanges? Let's dive into some of its standout features.
Exchange | Bitso |
Launch Date | 2014 |
Levels | Variable based on the base currency |
Trading Fees | Variable based on the base currency |
Restricted Countries | 33 jurisdictions, including the USA |
Supported Coins | 50+ |
Futures Trading | No |
Minimum Deposit | N/A |
Deposit Methods | Crypto, Mexican Pesos, Argentinian Pesos, Digital Dollars (USDC), Brazilian Reais, Colombian Pesos |
Withdrawal Methods | Crypto, Mexican Pesos, Argentinian Pesos, Digital Dollars (USDC), Brazilian Reais, Colombian Pesos |
Maximum Leverage | 1:1 |
Minimum Trade Size | $10 |
Security Factors | Insurance-backed guarantee by Coincover, 2FA, Proof of Reserve |
Services | Alpha Pro, Earnings, Bitso Card |
Customer Support Ways | Live Chat |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | No |
Orders Execution | Market |
Native Token | None |
Bitso User Levels
The exchange supports various base currencies for its trading pairs, including USD, MXN, BTC, BRL, ARS, DAI, USDT, and COP. Each market comes with different user levels and trading fees.
USD (USDC) Market
- 11 volume-based user levels from $0 to $30M
- Maker fees: from 0.04% to 0.25%
- Taker fees: from 0.05% to 0.30%
BTC Market
- 10 user levels with trading volumes of up to 950+
- Maker fees: from 0.05% to 0.075%
- Taker fees: from 0.065% to 0.098%
Mexican Pesos (MXN) Market
- 10 levels with trading volumes ranging from 0.0 to 150M+
- Maker fees: from 0.10% to 0.50%
- Taker fees: from 0.13% to 0.65%
Brazilian Reais (BRL) Market
- 10 user levels with trading volumes of up to 162.3M
- Maker fees: from 0.08% to 0.20%
- Taker fees: from 0.15% to 0.40%
Argentinian Pesos (ARS) Market
- 10 levels ranging from 0.0 to 3.9B+
- Maker fees: from 0.10% to 0.45%
- Taker fees: from 0.15% to 0.60%
DAI Market
- 10 user levels with trading volumes ranging from 0.0 to 19.5M+
- Maker fees: from 0.08% to 0.25%
- Taker fees: from 0.10% to 0.30%
Colombian Pesos (COP) Market
- 13 levels with trading volumes of up to 190B+
- Maker fees: from 0.12% to 0.50%
- Taker fees: from 0.17% to 0.65%
The platform also provides a USDT market with different user levels:
Trading Volume USDT | Maker | Taker |
< 500,000 | 0.095% | 0.099% |
> 500,000 | 0.090% | 0.099% |
> 1,000,000 | 0.084% | 0.099% |
> 1,500,000 | 0.080% | 0.095% |
> 3,000,000 | 0.075% | 0.090% |
> 5,000,000 | 0.069% | 0.080% |
> 10,000,000 | 0.060% | 0.069% |
> 15,000,000 | 0.050% | 0.060% |
> 20,000,000 | 0.040% | 0.050% |
Fees and Commissions
As we mentioned in the previous section of this Bitso review, the platform provides 8 different crypto trading markets with varying trading fees and discount percentages. In the table below, we gather the trading fees for the USD market.
Trading Volume USD | Maker | Taker |
< 1,000 | 0.250% | 0.300% |
> 1,000 | 0.210% | 0.260% |
> 5,000 | 0.180% | 0.220% |
> 10,000 | 0.150% | 0.190% |
> 50,000 | 0.120% | 0.160% |
> 100,000 | 0.100% | 0.120% |
> 1,000,000 | 0.085% | 0.095% |
> 5,000,000 | 0.072% | 0.082% |
> 10,000,000 | 0.060% | 0.069% |
> 20,000,000 | 0.050% | 0.060% |
> 30,000,000 | 0.040% | 0.050% |
While the exchange charges no commissions for crypto deposits and fiat transactions, crypto withdrawals have fees that vary depending on the currency.
Bitso Exchange Crypto Offerings
The platform has listed over 50 popular cryptocurrencies in 4 categories, including Stablecoins, Games, Web3, and Earnings.
- DAI
- USDC
- USDT
- ADA
- ATOM
- APE
- GALA
- LINK
- SHIB
Futures and Margin Trading
The exchange doesn’t support Futures contracts or leveraged trading. It focuses on spot trading and provides a seamless experience through the Alpha Pro platform.
Leverage allows traders to potentially amplify their gains, but it also comes with increased risk. Thus, the lack of such services can potentially benefit novice traders.
Bitso Registration and Verification
In this Bitso review, we must mention that to use the platform, you must be over 18, have a valid and current identification document, and operate within permitted jurisdictions.
- Visit the exchange’s official website;
- Click “Start Now”;
- Fill out the registration form;
- Verify your email;
- Provide personal information;
- Verify your phone number;
- Upload proof of ID (passport or driving license) and proof of residence (utility bill or bank statement).
Safety and Security
The platform prioritizes the safety of user funds and data. Bitso claims it’s the first company in Latin America to obtain a crypto license for custody and trading.
It has acquired a GFSC license under the name “Badger Technology Company Limited” with incorporation No. 117775. The exchange also has implemented multiple safety factors, including:
- Multi-Signature Accounts
- Two-Factor Authentication (2FA)
- Insurance Coverage by Coincover
- Proof of Reserve
Bitso Deposit and Withdrawal
The exchange supports crypto and fiat transactions for moving funds in and out of the platform.
Currency | Deposit Methods | Withdrawal Methods |
Mexican Pesos | Bank Transfer (SPEI) | Bank Transfer (SPEI), Debit Card, Mobile Transfer |
Argentinian Pesos | Bank Transfer (COELSA) | Bank Transfer (COELSA) |
Brazilian Reais | TED, PIX | TED, PIX |
Colombian Pesos | Bank Transfer | Bank Transfer |
The company also supports transactions of the above currencies free of charge via the Bitso Transfer service.
User Satisfaction
Exploring the platform’s trust score across reputable sources like TrustPilot and Reviews.io is vital to this Bitso review.
The crypto exchange doesn’t perform well in this regard since it has received a poor rating from users.
1.8/5 based on 38 ratings | |
Reviews.io | 1.9/5 based on 24 comments |
Bitso Earnings Service
The exchange offers a dedicated service for users to earn passive income on their crypto holdings. Key features of the Earnings service:
- Free activation
- Up to 18.2% annual yield
- Available for 7 cryptocurrencies, including ATOM, ADA, USDT, SOL, DOT, ETH, and USDC
Writer's Opinion and Conclusion
Bitso provides access to 50+ cryptocurrencies for spot trading. It supports deposits and withdrawals of multiple fiat currencies, including MXN, BRL, ARS, and COP. The exchange has a TrustPilot score of 1.8.
